Meditations and Learnings

Meditations and Learnings

Money Talks in the Market Place

Money is as good in the hands of the poor as the rich. In the aggregate, there is also often more of it. A company could turn a profit by acquiring a large estate and replacing it with multiple middle-class homes. This development is in the interests of all those except the wealthy, who may fight for laws that somehow restrict property rights. The spurned wealthy residents of a neighbourhood use zoning boards, “open space” laws, and historical preservations commissions to limit this use of private property. By infringing or negating property rights, wealthy property owners keep out lower-income people and increase their property’s value.